As I was reading the Economic Report of the President, I figured it was time to revisit the issue of gasoline prices and the role played by refinery margins. Our graph shows the retail price per gallon relative to the consumer price index (January 2006 = 1.00) from January 2000 – when the real gasoline […]

There’s a new data release out this morning on personal income and spending. The highlights: Personal income increased $75.2 billion, or 0.7 percent, and disposable personal income (DPI) increased $50.2 billion, or 0.5 percent, in January, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $76.7 billion, or 0.9 percent. In December, […]